According to the latest Global Competitiveness Report, Trinidad and Tobago ranks 83rd out of 137 countries. Climbing the ranks and increasing the competitiveness of the country could lead to several benefits. It may stimulate economic diversification and non-energy exports, correct external imbalances, generate employment, and spur innovation. In order to become more … [Read more...] about Boosting Trinidad’s Private Sector Engine: International experiences from across the Americas
Economy & Investment
‘Blue- Tech’ Challenge could help Caribbean solve pressing coastal problems
Did you know that oceans contribute nearly $21 billion to the GDP of Latin America and the Caribbean? Oceans also provide services that are not yet quantifiable, such as carbon sequestration, coastal protection, and the provision of critical habitat for biodiversity. The Worldwide Fund for Nature estimates that these services could be worth $2.5 billion every year. It is … [Read more...] about ‘Blue- Tech’ Challenge could help Caribbean solve pressing coastal problems
Welcome to the first issue of The Next Wave Magazine!
We live in a unique moment in history where the pace of technological change is evolving at an exponential rate and the speed of digital transformation has no precedence. Twenty years ago, the rate of digital traffic per day was approximately 20 gigabytes. Today, digital traffic has grown to two exabytes (EB) per day (1 EB is equal to 1billion gigabytes). Internet usage by … [Read more...] about Welcome to the first issue of The Next Wave Magazine!
‘Daunting, but doable’ – Barbados takes a path towards sustainable economic growth
The May 24, 2018 General Elections in Barbados were historic in many respects. For the first time, the Parliament of Barbados was allowed to automatically dissolve on March 6, 2018, without the setting of a date for elections. It was the first time in the history of Barbados that a political party won all of the parliamentary seats in the House of Assembly. This emphatic … [Read more...] about ‘Daunting, but doable’ – Barbados takes a path towards sustainable economic growth
Are fiscal rules the solution to the Caribbean’s fiscal woes?
Caribbean countries face serious fiscal and debt challenges. As recorded in the most recent OECD Latin American and Caribbean Economic Outlook 2018, two Caribbean countries hold the highest debt in the region: Barbados and Jamaica. Public debt by currency and legislation, circa 2016 (central government, % of GDP) Source: OECD Latin American and Caribbean Economic Outlook … [Read more...] about Are fiscal rules the solution to the Caribbean’s fiscal woes?